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National market update

Existing-Home Sales Down in September but Prices Rise

After hitting the highest level in nearly four years, existing-home sales declined in September, but limited inventory conditions continued to pressure home prices in much of the country, according to the National Association of Realtors®.Read more

Pending Home Sales Continue Slide in September

WASHINGTON (October 28, 2013) – Pending home sales declined for the fourth consecutive month in September, as higher mortgage interest rates and higher home prices curbed buying power, according to the National Association of Realtors®.

National housing indicators

Existing home sales ()

Existing home median price ()

Housing Starts ()

New home sales ()

National economic indicators

Home ownership

2nd Qtr 13

65.0%

2nd Qtr 12

65.5%

The homeownership rate in the second quarter 2013 (65.0 percent) was lower than the second quarter 2012 rate (65.5 percent). The homeownership rate in the South was lower than the corresponding second quarter 2012 rate, while the rates in the Northeast, Midwest, and West were not statistically different from the rates a year ago.

New home sales

July 2013

-14.1%

August 2013

+7.9%

Sales of new single-family houses in August 2013 were at a seasonally adjusted annual rate of 421,000. This is 7.9 percent (+/- 14.6%)* above the revised July 2013 estimate of 390,000.

Source: U.S. CENSUS BUREAU

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Regional market updates

View market statistics for your region.

Click on the links below to view data from two different industry sources. Choose information on local prices & state sales from any of 178 metropolitan housing markets prepared by the National Association of REALTORS® or information on sales & price activity from local area markets in 25 states prepared by Clarus MarketMetrics.

Local Sales & Price Activity

Sandi Nizzi

Home Ownership matters…to people, to communities, and to America. Why? • For every two homes sold, one job is created in the U.S. • Each purchase generates as much as $60,000 in economic activity over time. Read more

Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. Check out this CNN Money article with the details. Read more

Disclaimer: The views, opinions, statements and/or ideas expressed in this Message Section do not reflect the ideas, policy, position, views or opinion of Move,Inc.

Consumer tips & hot properties

Buy a Home Now or Pay More Later?

With mortgage rates creeping up toward 5% as 2013 draws to a close, potential home buyers have some decisions to make — and soon.Read more

How to Choose the Right Neighborhood

Any good Realtor will share the mantra, "location, location, location” when talking to you about what attributes help a home hold onto its value and potentially appreciate. However, no one neighborhood is right every buyer.Read more

When Should You Put Your Home on the Market?

Q: When is a good time to put your house up for sale before you want to move?

6 Ways to Slash Moving Costs

Few things are as exciting as a new piece of real estate to call your own; it’s getting there that’s the problem. Moving is hard work, and expensive to boot.Read more

Make the Most of Your Home Inspection

A home inspection is a crucial element of any home purchase. Most buyers make their purchase offer contingent on the results of a home inspection so they can decide not to buy if the inspection reveals significant structural problems.Read more

Housing Trends eNewsletter is filled with U.S. Census Bureau key market indicators, consumer videos, blogs, a real estate glossary, mortgage rates and calculators, consumer articles, real estate radio, realtor.com® local community reports and local and national real estate sales and price activity provided by local MLSs and the National Association of REALTORS®.

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